new national management of an accounting practice (map) survey.
public accounting firms in the united states reported strong top-line and bottom-line growth in their latest fiscal year results, driven by high demand for their services.
study finds that more than half don’t want to grow.
by 卡塔尔世界杯常规比赛时间 research
tax preparers are pulling down some respectable bucks, and many are expanding their services to find more clients and handle more complex work, according to the 2023 tax professional fee study produced by the national association of tax professionals.
more: with fresh funding, irs shows service improvements | how tax practitioners became cybersecurity risks | top tax vendors caught red-handed selling private taxpayer data
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the study finds that a vast majority report raising their fees regularly. a solid 49 percent increases fees yearly and another 28 percent every two years. the most recent increases were 6 to 10 percent for 40 percent of respondents, though 34 percent limited themselves to 1 to 5 percent raises. nine percent jacked up fees by more than 16 percent.
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they’re scarce. here’s how to keep them happy.
by 卡塔尔世界杯常规比赛时间 research
it’s no news to the accounting industry that staff and professionals are hard to find and hard to keep from wandering off to some other firm.
more: survey: accountants economic outlook brightens | the 7 categories of cybersecurity solutions firms need | understanding the full cost of a data breach | research: accounting pros cautiously optimistic about generative ai | how auditors can beat ai | why the u.s. must act now to protect our online privacy
and the law of supply and demand hasn’t failed to rule, according to the global talent trends 2023 survey of the association of chartered certified accountants: scarce employees expect a good salary, good treatment and a chance to work outside the office.
identifying and dealing with these employees’ expectations is essential to a continuous and successful flow of business. the survey found five challenges to that flow.
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inflation no longer the top concern.
by 卡塔尔世界杯常规比赛时间 research
business leaders keep an eye on the economy the way farmers keep an eye on the weather. both are always watching, and they tend to see, and sense, more than others.
and apparently those in business are sensing a shift in the economic winds, according to a survey just released by the american institute of cpas.
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welcome to the 21st century.
by 卡塔尔世界杯常规比赛时间 research
it turns out that all it took was money. funded better, the irs performs better. it’s as simple as that.
more: research: accounting pros cautiously optimistic about generative ai | how auditors can beat ai | how tax practitioners became cybersecurity risks | why the u.s. must act now to protect our online privacy | top tax vendors caught red-handed selling private taxpayer data
look at the accomplishments as of the end of the filing season:
the improvements are possible thanks to funding provided under the inflation reduction act, and the irs deserves credit for accomplishing so much in so little time. the ira was passed on august 16, 2022.
they share their ideas for changes.
by 卡塔尔世界杯常规比赛时间 research
are accountants a threatened species?
more in staffing & recruiting: tax and accounting pay advancing at 5.9% pace | which is better: a year of education or a year of experience? | 44 critical criteria for accounting staff performance evaluations | four ways to propel new cpas into growing your firm | mike whitmire: re-think your hiring and training practices | what new leaders want in ownership |
extinction’s still a ways off, but the numbers of cpas are in serious decline. between 2010 and 2021, the number of people taking and passing the cpa licensing exam fell 36 percent, from more than 50,000 to about 32,000.
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it proves to be a valuable resource in that i can get relevant information on best practices for my firm and how to implement them, along with timely technical advice on providing a better end-product to my clients.
there are some other sites that are free that offer something similar, but it’s great to know the advice being given is being used and is battle tested (perhaps after going through several changes over the years) and accumulated over decades in the field by the writers.
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refinements to certain guidance increased the workload, putting upward pressure on fees.
by 卡塔尔世界杯常规比赛时间 research
audit fees have been rising steadily, if slowly, since 2018. but the first post-covid-19 audit fee reports show paradoxical records, according to a new study.
more: three fundamental questions to ask in audit | closing the audit expectations gap | how auditors can beat ai | the big issues in audit: frustration, inconsistency, and technology | early adopters gain an edge in audit | talent retention: five tips for an audit adjustment | five ways to increase audit efficiency
in 2022, average audit fees increased 11 percent over 2021, reaching an all-time high of $2.24 million per securities and exchange registrant.
at the same time, however, fees per million dollars of client revenue have hit a nine-year low, according to a study from audit analytics, “20-year review of audit fee trends – 2003-2022.”
what’s going on … and why? well, it’s complicated.
it’s good business, not altruism.
by 卡塔尔世界杯常规比赛时间 research
accounting has long assessed organization sustainability from a financial perspective. it’s always been assumed that if a company can generate revenue, it’s a going concern and will keep “on going.”
but true, long-term sustainability depends on much more than mere money, according to the association of chartered certified accountants, a global institution with 241,000 members in 178 countries.
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mull new software for remote staff, cas and ai.
by 卡塔尔世界杯常规比赛时间 research
a new survey reveals widespread plans for growth, with firms looking for more staff, more services to offer, and more territory to serve over the next 18 months
more: research: accounting pros cautiously optimistic about generative ai | how auditors can beat ai | how tax practitioners became cybersecurity risks | why the u.s. must act now to protect our online privacy | top tax vendors caught red-handed selling private taxpayer data
in a time when qualified professionals are scarce, a staggering 85 percent of firms say they will definitely or probably be hiring more remote staff with flexible work arrangements, according to the poll of 250 firms by the practice management software company canopy.
